Corporate News of the day - Jan 30 2013

Bharti Airtel has bid for a telecom licence in Myanmar as India's biggest private telecom company looks to expand its overseas operations. (ET) Reliance Industries has raised US$800mn through senior unsecured perpetual bond with no maturity at an annual coupon of 5.875%. The bond is redeemable, only at the company’s option, at any time after five years. (ET) State Bank of Mysore is to go for institutional placement programme to raise Rs700-800mn by March 31, to increase minimum public shareholding to 10%. (BL) Technicians of Jet Airways have been protesting against an alleged intimation by the airline company to freeze salaries at the current level. The airline’s pilots have decided to meet on the same issue in the next few days. (BL) SpiceJet will connect Delhi with Guangzhou (China) from February 8 by deploying a 189-seater Boeing 737 aircraft on this route. (BL) HCL Technologies said it has entered into a multi-year, multi-million dollar engineering services agreement with UK-based Cobham, a technology company serving the aerospace and defence industry. (BL) Hindustan Petroleum Corp Ltd is planning to invest Rs6-7bn to set up its second underground liquefied petroleum gas storage facility in Mangalore. The company could rope in its partner, Total SA of France, to build the cavern. (BS) GMR Energy Ltd, a subsidiary of diversified GMR Group, has started power generation at its thermal power plant in Dhenkanal district. The company has commissioned the first unit of its proposed 3X350 MW power project and synchronised it with the central grid network. (BS) Glenmark may soon foray into the injectible oncology segment in the US and Europe. The company has already started filing applications for drug approval in these markets. (BS) Mortgage lender HDFC raised Rs5bn through non-convertible debentures for general corporate requirements. (BL) Kerala-based electrical appliances manufacturer V-Guard Industries, which had launched induction cook tops earlier, is planning to now launch mixer grinders. (BS)